McAfee Execs Ousted Over Options Scandal

Law360, New York (October 11, 2006, 12:00 AM EDT) -- The options backdating scandal has felled the top executives of McAfee Inc. McAfee CEO George Samenuk has stepped down from his post, and McAfee President Kevin Weiss has been fired by the company’s board of directors.

Samenuk said he regretted that some of the company’s options problems occurred under his watch.

“After almost six years at McAfee, I have retired as chairman and CEO in the best interests of the company, its shareholders and employees,” Samenuk said. “I regret that some of the stock option problems...